IntelliQuote Takes Aim on Helping Consumers Bridge Retirement Savings Gaps in the Wake of Data Recently Released from LIMRA

IntelliQuote, a celebrated online life insurance agency, is helping a growing population of consumers looking to bridge gaps in retirement savings through life insurance protection.

El Dorado Hills, Calif. (PRWEB) June 17, 2014

IntelliQuote, a top rated online life insurance agency, is catering to a growing number of consumers who are struggling to reach their retirement savings goals. The push to serve this emerging market segment comes on the heels of a study recently released from the LIMRA Secure Retirement Institute.

Newly released data from the LIMRA Secure Retirement Institute (LIMRA SRI) study revealed that four in ten employers feel that the Affordable Care Act (ACA) has affected their retirement savings plans. Of the employees surveyed, 95% have at least some access to employer-sponsored retirement savings. When asked if they feel that they are on track to reach their retirement goals, 43% were confident, versus only 34% of those without employer-sponsored retirement. While research tells us that many Americans are depending on employer-sponsored retirement benefits, many employers are facing tough decisions. In fact, 63% of employers surveyed stated that due to the ACA they will have to begin devoting less money to employee retirement plans. With more and more members of the workforce experiencing a decline in employer-sponsored retirement plans, many are looking for alternative savings and investment methods.

“The current economic climate is putting a strain on those planning for retirement as well as those organizations that provide retirement savings benefits,” said Gary Lardy, President and CEO of IntelliQuote. “Here at IntelliQuote, we’re working to educate consumers about the options available to them through life insurance. The right policy can be leveraged to close gaps in retirement savings.”

Established in 2007 in El Dorado Hills, California, IntelliQuote has become one of the nation’s largest and most respected online life insurance agencies. Offering unrivaled customer support coupled with access to instant life insurance quotes, IntelliQuote is catering to the needs of the modern consumer. As one of the first and longest standing online agencies in the industry, the IntelliQuote leadership team works relentlessly to develop programs to cater to the individual needs of new and existing market segments.

Life insurance as part of a comprehensive retirement plan has been a topic the IntelliQuote leadership team has addressed on a regular basis on the company’s acclaimed Life Insurance Blog. However, in recent weeks the entire IntelliQuote team has placed extra emphasis on the topic. Through company-wide social media outreach, blog content and one-to-one exchanges with consumers, IntelliQuote is addressing the topic with great fervor.

As more and more baby boomers and gen-Xers are finding that their retirement plans are underfunded, many aging professionals are facing a considerable delta between their retirement savings goals and their actual savings. An example of this would be a couple who is planning to have $1.25 million dollars saved by the time they reach retirement. With 10 years left they have $750,000 saved. By purchasing a life insurance policy with a face value of $500,000, the couple can rest assured, should one of them pass unexpectedly, the surviving spouse would not be left in the difficult circumstances of having an underfunded retirement.

“With so many hard working Americans left in the lurch when it comes to retirement savings, we identified this as an opportunity to help them understand that they do, in fact, have options,” added Lardy.

This recent push has already proven successful. The IntelliQuote team has connected with many consumers seeking assistance with retirement planning as it pertains to life insurance protection. With plans to continue educating consumers on the subject, IntelliQuote is just getting started. Stay tuned in the coming weeks for more announcements as the IntelliQuote team explores news ways to connect with and serve online consumers.

ABOUT INTELLIQUOTE
Headquartered in El Dorado Hills, California, IntelliQuote is a highly respected innovator in the online life insurance industry. Offering instant quotes, unrivaled customer service and access to the most competitive life insurance products on the market; IntelliQuote is the undisputed leader in the space. For more information, visit http://www.intelliquote.com or call 1-800-963-6405.